Toncoin (TON) has exhibited a notable upward trajectory, experiencing a 6.50% increase in market capitalization. Concurrently, the price of the cryptocurrency Toncoin rose sharply from $5.14 to $5.46, where it stabilized. This sharp recovery with subsequent stability shows a strong bullish response after an initial dip and suggests renewed confidence in the value of the commodity at lower prices. This TON price recovery is also supported by a substantial rise in trading volume, which surged by 35.53%. High activity and attention in the market underpin strong buyer participation and confirm the bullish mood. Immediate reactions to price drop followed by…

Shiba Inu (SHIB) has, however, been on a downward trend over the last 24 hours; the token’s price has fallen from around $0.00001399 to $0.00001131. Being up by 226.54%, an increased trade volume suggests that the sell-off was large and added downward pressure on SHIB’s price. In addition, the market cap of SHIB has fallen by 19.54% which demonstrates the overall decline in token market valuation. SHIB Bearish Patterns and Technical Indicators A bearish pattern identified on Shiba Inu’s 4-hour chart suggests further price drops may develop after observing a death cross where the 50-day moving average surpassed the 200-day…

Bitcoin’s price is in a downtrend, falling sharply to almost $60,000 from the recent high of $70,000. QCP Capital has attributed this correction to an unanticipated upsurge in bitcoin supply and poor macroeconomic conditions. At press time, BTC was trading at $60,857, a 1.50% decline from the 24-hour high. Surge in Bitcoin Supply Triggers Market Correction QCP Capital highlights that there has been a significant increase in the amount of Bitcoin entering the market, which is the main reason for the decline in prices. The sale of these coins includes over 28K Bitcoins released by the US government, redistribution of…

As of the past 24 hours, Shiba Inu (SHIB) has witnessed a major price drop of 5.32%. This price dump reflects a similar reduction in market capitalization, now valued at around $6.14 billion. SHIB’s current trading volume also experienced a decrease of 5.32%, totalling to $274,440,785 as of now; it is trading at $0.00001462 for SHIB. Despite this lower move, though, analysts are still optimistic that SHIB can experience high price gains if it holds an important support level. Price Surge Potential Amid Market Uncertainty On the other hand, amid negative sentiment towards the token, SHIB might be priced at…

The cryptocurrency market witnessed a significant downturn, with XRP experiencing a substantial 5% decline in its price. As the bullish trend subsides, investors and traders are examining this decline in greater detail while also considering what it may mean for XRP’s future price action. As of now, the price for XRP stands at $0.5742, having dropped by 5.62% over the past day. This price decrease is a more significant bearish trend from around $0.6084 to its current levels. This decline is noticeable in the trading volume as it has decreased by 9.63 percent compared to the previous day signalling a…

Over the last 24 hours, Solana (SOL) has experienced a notable price drop of around 8%. This fall corresponded with a significant increase in trading volume, which rose by 35.88% from yesterday. The vast volume, coupled with a price slip, suggests high selling pressure on the market. At the time of writing, SOL is down $168.43, which represents an 8.15% decline from intra-day highs. SOL/USD 24-hour price chart (source: CoinMarketCap) Mid-term Trend Analysis Solana’s price has been slowly decreasing since this morning. The timeline begins with the highest price point, followed by a gradual decrease characterised by lower highs and…

In the last week, Bitcoin (BTC) experienced a stunning price movement with a peak at about $69,000 before correcting itself. The data available as of this moment indicates that BTC is now going for $66,032.21, which is 0.55% down over the past seven days. The volume of trade for Bitcoin has dropped significantly by 28.08%, indicating reduced market activities and possibly leading to the fluctuations in prices witnessed during the week. This decrease in volume usually suggests a loss of trader’s interest or lack of certainty concerning the direction of prices among investors. BTC/USD 7-day Price Chart(Source: CoinMarketCap) Also, the…

Solana (SOL) has experienced a notable price decline of 5.84%, bringing its current price to $180.44. The trend is part of a broader bear market that has been persistently showing a downtrend over an extended period of time. There is indeed a steep decline in values from the earlier peak of $191.26 towards the current level as indicated in the chart. This steady decline reflects ongoing sell-offs as shown by the descending red line on the chart. Simultaneously, Solana’s trading volume has grown by 16.44% during the fall in price, signifying vibrant selling activity within the market. Support and Resistance…

On Monday, the Bitcoin fear and greed index rallied to 74, as its underlying value surged past $69,000 for the first time since early June. This surge comes after last week’s bullish signal on Bitcoin, which closed with a dragonfly doji candlestick and had a fantastic rally over the weekend. The major cryptocurrency recorded a daily high of about $69,711, suggesting that it could break out to higher all-time-high (ATH). Source: CoinMarketCap Bitcoin Technical Indicators Show Strength In terms of technical analysis, Bitcoin has consistently been closing above the 50-day and 200-day moving averages (MAs) in recent weeks. Bitcoin’s ability…

The trading volume of Cardano (ADA) has risen significantly despite the consolidation of the price. CoinGlass says the trading volume for ADA increased by 96.99% in the past 24 hours, with $365.83m traded against it compared to yesterday’s $214.14m. Growing Speculation on ADA ETF The Cardano community has been abuzz with speculation regarding the potential introduction of an ADA Exchange-Traded Fund (ETF). This speculation follows the recent approval of spot ETFs for Bitcoin and Ethereum by the United States Securities and Exchange Commission (SEC). There will be $ADA ETFs. #Cardano pic.twitter.com/IKd29QpjVu — St₳ke with Pride 🌈 SPO & DRep (@StakeWithPride)…